Sanctuary Advisors LLC Has $526,000 Stake in UiPath Inc. (NYSE:PATH)

Sanctuary Advisors LLC boosted its position in UiPath Inc. (NYSE:PATH) by 236.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,098 shares of the company’s stock after purchasing an additional 28,865 shares during the period. Sanctuary Advisors LLC’s holdings in UiPath were worth $526,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PATH. Pacer Advisors Inc. acquired a new position in shares of UiPath in the second quarter valued at approximately $69,180,000. Jacobs Levy Equity Management Inc. increased its position in UiPath by 554.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after acquiring an additional 3,411,562 shares during the period. Senvest Management LLC raised its stake in shares of UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after acquiring an additional 1,559,500 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of UiPath during the third quarter worth $19,071,000. Finally, Renaissance Technologies LLC bought a new stake in shares of UiPath in the second quarter worth $13,280,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Stock Performance

Shares of NYSE:PATH opened at $13.13 on Thursday. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $27.87. The business’s 50 day simple moving average is $13.44 and its two-hundred day simple moving average is $12.65. The firm has a market cap of $7.22 billion, a P/E ratio of -82.06 and a beta of 0.94.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen cut their target price on UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, September 6th. BMO Capital Markets lifted their price objective on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Bank of America increased their target price on shares of UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Barclays boosted their price target on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UiPath has an average rating of “Hold” and an average target price of $17.50.

UiPath Company Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.